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The road to transformational growth
Leading think tanks, analysts and multilateral agencies have recently forecasted that the Philippines will be a high-middle-income country within this decade and the 18th-largest economy in the world by 2050......»»
CCP s Pasinaya 2024 to be staged simultaneously in 3 venues
Easily the country’s largest multi-arts festival, Pasinaya lines up over a hundred shows, screenings, workshops and other activities in music, theater, dance, visual arts, film and literature......»»
A gold rush trap: How smuggled migrants end up exploited in African mines on their way to the Mediterranean
The Mediterranean is one of the largest and deadliest migration routes in the world.In the Kedougou region of south-east Senegal, deep black holes dot the otherwise golden and green savannas. The area, on the border with Mali, is home to 98 per cent of the country's gold mines. Local villagers have been digging for the precious metal for decades, but in recent year.....»»
DMCI plans quick CHP turnaround
DMCI revealed a “strategic plan” to “revitalize” Cemex PH [CHP 1.38, up 0.7%; 32% avgVol], its newest and largest acquisition......»»
SMC, SMIC Phl growth drivers
The Philippines’ two largest conglomerates are powering the country’s robust economic growth this year and in the coming years......»»
BDO: No plan to buy stake in NAIA rehab
The country’s largest bank is confirmed to be one of the lenders that will fund the P170.6-billion rehabilitation of the Ninoy Aquino International Airport (NAIA), but rejected any and all offers to be an investor in the project......»»
Russia launches missile barrage across Ukraine – but Kyiv fights back with drones
In a recent aerial assault, Russian missiles have targeted power facilities across Ukraine, causing widespread damage and disruption. Ukraine’s largest private electricity company, DTEK, reported.....»»
CV records ‘fastest growing economy’ among all regions in PH
CEBU CITY, Philippines — Central Visayas has bested the 17 regions in the country after being named the “fastest-growing” economy based on the 2023 data of the Philippine Statistics Authority (PSA). It also remained the fourth-largest contributor to the overall growth of the Philippine economy and the highest contributor outside Luzon, with a 6.6 percent.....»»
BDO to remain cautious amid risks
BDO Unibank Inc., the country’s largest bank, will remain cautious this year despite strong profit growth in 2023 and in the first quarter of the year......»»
ATI to spend P2.7 billion for ports upgrade
The operator of some of the largest ports in the Philippines is increasing its capital expenditures to P2.7 billion this year, seeing the need to expand its capacity as trade recovers here and abroad......»»
Franchising industry sees 8–10 percent growth this year
The country’s largest franchising association is looking to grow franchise stores and revenues by eight to 10 percent this year as more foreign brands are interested to enter the country, while local brands continue to expand......»»
PCCI cites economic benefits from Philippines-EU FTA
The country’s largest business organization welcomed the announcement of the resumption of the free trade agreement negotiations between the Philippines and the European Union as it expects the deal to bring economic benefits for both parties......»»
AT& T informs users of data breach and resets millions of passcodes
AT&T, one of the largest telecommunications companies in the United States, is facing a major data breach that has left millions of customers at risk......»»
SPNEC seeks funding boost for world’s biggest solar farm
Manuel V. Pangilinan-led SP New Energy Corp. is looking to bring in partners, particularly foreign investors, to help finance the development of the P200-billion Terra Solar development in Nueva Ecija and Bulacan, which will become the world’s largest solar project once completed......»»
Upper Wawa Dam project now 93% complete
WawaJVCo Inc., a joint venture led by ports and casino tycoon Enrique Razon, has moved a step closer in completing its planned Upper Wawa Dam project, touted as the largest water supply dam to be constructed in the country in over 50 years......»»
Shopee logistics partner opens biggest facility
Shopee logistics partner SPX Express has formally opened its largest sorting facility in the Philippines in a bid to provide more seamless and efficient delivery solutions......»»
Tough task ahead
Finance Secretary Ralph Recto has welcomed the Manila International Airport Authority board’s move to award to the San Miguel Corp-SAC and Co. consortium the contract for the rehabilitation of the Ninoy Aquino International Airport, the largest solicited public-private partnership project under the administration of President Marcos......»»
Japan recession: Scaled back spending helps push economy to where it is now
TOKYO — To grasp the dynamics that bumped Japan into recession and off its perch as the world’s third largest economy on Thursday, look no further than Risa Shinkawa’s dining habits. Unlike unionised workers at big manufacturers such as Toyota Motor, the 32-year-old aesthetician isn’t expecting a pay rise anytime soon. Rather, her salary has.....»»
Generative AI faces major test as Indonesia holds largest election since boom
From AI avatars made using Midjourney to speech generators that use data from social media and news websites, the Indonesian elections on February 14 offer a glimpse of generative AI's use in campaigns.....»»
Tech spending to focus on AI by 2025 – study
The largest organizations in Asia and the Pacific is seen allocating more than half of their information technology budget for the adoption of artificial intelligence starting 2025, according to the latest analysis of the International Data Corp.......»»